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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br /> <br />The CWCB Loan~pplication, the CWCB Memorandum of Loan <br />and the CWCB Approval Letter are found in Appendix C. <br />NRCS cost share agreement is included in Appendix B. <br /> <br />Approval, <br />The USDA- <br /> <br />The HLDC is in strong financial condition, and has no long-term <br />debt. The HLDC financial statements are found in Appendix D. <br /> <br />A table showing cash flow for a $143,000 CWCB loan at 3.75% <br />interest over a 30-year repayment period is included in this <br />report. <br /> <br />Collateral <br /> <br />1. The HLDC can offer a collateral interest in assessments <br />collected from its shareholders to repay the debt, and the <br />project itself, if approved of the shareholders. <br /> <br />2. The HLDC can offer one payment in a certificate of deposit <br />account, to be held by the State Treasurer, if approved by vote <br />of the Board of Directors. <br /> <br />Feasibility Study <br />Rehabilitation of the Hawkeye Lateral Ditch <br />December 1997 <br /> <br />8 <br />